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Ethereum Supply Dries Up as Billions in Corporate Buying Loom
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Ethereum Price Approaches 4800 Dollars – Institutional Purchases Provide Supply ShortageEthereum (ETH) currently accounts for 4760 Dollars, an increase of 2.92 percent a day and impressive 30 percent a week. The increase is driven by massive institutional purchases, as Exchange Traded Funds (ETFs) are now absorbing more ETHs than new ones – leading to a noticeable supply shortage.1. Institutional Supply Shortage Drives the DriveEthereum ETFs hav…
Ethereum Supply Dries Up as Billions in Corporate Buying Loom
Kavita Gupta, founder of Delta Blockchain Fund, says roughly $500 million in new digital asset treasuries have entered the market recently, with more than $4 billion poised to purchase ETH. “For the first time, we’re seeing a significant shortage in available Ethereum for acquisition,” she explained, pointing to an influx of long-term holders reducing liquid supply. Beyond Ethereum Gupta noted that companies aren’t limiting their buying to ETH. …
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